6 New Multibillion Dollar Businesses Facebook Can Bank on

Bangalore: The Facebook IPO was valued at a whopping $ 104 billion. It comes as a surprise for most of us when a company that generates a revenue of $5.8 billion is valued so high. The sole reason for this could be the market’s undying faith in Zuckerberg and company to come up with new ways to monetize the site that has over 900 million users. With Facebook having the attention of an average user for about 8 hours a month they have a deep insight in the psyche of the user which can serve as valuable information for advertisers. Here is a list of six multimillion dollar businesses compiled by VentureBeat, which Facebook can look at to justify its sky high valuation.